With these reserves, users expect to be able to exchange their stablecoins for dollars or other backing assets at any time. Stablecoins can be backed by fiat currency such as the dollar, commodities ...

Tensions between Fed Chair Jerome Powell and Trump have intensified over the central bank’s interest rate decisions and ...

The U.S. dollar slumped to its lowest level since 2022 on Thursday, putting the greenback on track to have its worst start to ...

In her remarks, which Yellen acknowledged were unusual for her to make as the country’s fiscal and economic policy chief, she took aim at the efforts led by former President Donald Trump to ...

The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed a little bit to inflation, Treasury Secretary Janet Yellen said in an ...

WASHINGTON (AP) — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from ...

Treasury Secretary Janet Yellen speaks during a Senate Appropriations Subcommittee hearing on Capitol Hill on June 4, 2024. Shots for fired by a Secret Service agent near her home on Tuesday.

Treasury Secretary Janet Yellen, who is protected by the U.S. Secret Service, was not under threat during the shooting outside her Washington, D.C., home.

Treasury Secretary Janet Yellen delivers remarks on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023.